Profits slide at John Lewis as crunch hits September 17, 2009 THE John Lewis Partnership, seen as a bellwether for middle-class consumer confidence, yesterday reported a 20 per cent dive in first-half profits. Despite a strong performance from its grocery chain Waitrose, the group said pre-tax profits were down by £21m to £86.3m in the six months to 1 August. The group’s department store, famed for [...]
Profits slide at John Lewis as crunch hits September 17, 2009 THE John Lewis Partnership, seen as a bellwether for middle-class consumer confidence, yesterday reported a 20 per cent dive in first-half profits. Despite a strong performance from its grocery chain Waitrose, the group said pre-tax profits were down by £21m to £86.3m in the six months to 1 August. The group’s department store, famed for [...]
Waitrose benefits as shoppers return to high-end supermarkets September 15, 2009 UK FOOD shoppers are regaining confidence and returning to upmarket grocery chain Waitrose, according to the latest figures. TNS Worldpanel said yesterday that sales at Waitrose were up 11.2 per cent in the 12 weeks to 6 September, outperforming the supermarket sector, which grew by 5.5 per cent. Waitrose also grew its market share to [...]
PRINCE?BAILED?OUT?BY?WAITROSE September 10, 2009 DUCHY Originals, Prince Charles’s struggling organic food company, has signed a multi-million pound exclusive licensing, manufacture and distribution deal with upmarket chain Waitrose. The deal represents a financial lifeline to the firm, which donates all its profits to charity and has struggled in the recession.
PRINCE?BAILED?OUT?BY?WAITROSE September 10, 2009 DUCHY Originals, Prince Charles’s struggling organic food company, has signed a multi-million pound exclusive licensing, manufacture and distribution deal with upmarket chain Waitrose. The deal represents a financial lifeline to the firm, which donates all its profits to charity and has struggled in the recession.
Tesco’s rivals eat into its market share August 18, 2009 TESCO, the UK’s biggest retailer, is continuing to lose market share, according to new figures, despite relaunching its Clubcard. The supermarket recently beefed up its loyalty card scheme, offering shoppers two points for every £1 spent, as opposed to just one. It had hoped the tactics would stop customers shopping at rivals like Asda and [...]
Waitrose flexes its muscle in John Lewis online tie-up deal August 2, 2009 WAITROSE, the upmarket grocer, yesterday announced it plans to sell kitchen and homeware products online in a commercial tie-up with John Lewis, in the hope it can pinch market share from rival retailers. Under the deal Waitrose will sell thousands of its own and John Lewis’s products online from 4 August, placing more pressure on [...]
Waitrose flexes its muscle in John Lewis online tie-up deal August 2, 2009 WAITROSE, the upmarket grocer, yesterday announced it plans to sell kitchen and homeware products online in a commercial tie-up with John Lewis, in the hope it can pinch market share from rival retailers. Under the deal Waitrose will sell thousands of its own and John Lewis’s products online from 4 August, placing more pressure on [...]
Supermarkets that reacted to slump are strongest July 21, 2009 THE usual assumption is that the stock market is a “leading indicator” for economic confidence. But as today’s cut of YouGov data shows, it doesn’t lead public sentiment, but is actually behind. The graph shows the BrandIndex scores for public perception of “value for money” (rolling monthly average) for Waitrose, J Sainsbury and M&S, alongside [...]
Duchy Originals facing a right royal takeover by Waitrose July 19, 2009 DUCHY Originals, Prince Charles’s organic food group, is thought likely to be sold to upmarket supermarket chain Waitrose after drastic measures have been required just to stay afloat. The firm, which focuses on running a sustainable farm and making charitable donations, may be sold to the supermarket giant as early as this week. Its profits [...]